Facing Foreclosure we can help
Duration:
1 hour
Foreclosure is a legal process that allows a lender to take back a property, like a home, from a borrower who has stopped making payments on their loan:
- How it happensWhen a borrower defaults on their mortgage, the lender can use foreclosure to force the sale of the home to recover the remaining balance of the loan.
- What it does to your creditA foreclosure stays on your credit report for seven years from the date of the first missed payment, which can lower your credit score.
- How to get helpIf you need help with foreclosure, you can:
Work directly with your servicerCall the Homeowner's HOPE Hotline at (888) 995-HOPE (4673) - Call us to negotiate on your behalf.
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